debt
confidence high
sentiment neutral
materiality 0.50
Jacobs Solutions enters $200M + £410M two-year term loan, repays prior facility
JACOBS SOLUTIONS INC.
- $200M USD and £410M GBP term loan borrowed on March 27, 2025, with two-year maturity.
- Proceeds used to repay $120.5M + £411.9M outstanding under Feb 2023 facility, terminating it.
- Interest rate: SONIA/SOFR plus margin 0.875%-1.50% or base rate plus 0.00%-0.50%, based on leverage.
- Facility includes customary covenants; proceeds also for fees and general corporate purposes.